Author: franperez66q@protonmail.com
georgeclerk/iStock via Getty Images By Kelvin Wong After the sterling hit a 2-month high of 1.3658 on May 1, 2026 against the US dollar, the GBP/USD has traded sideways, and on Thursday, May 7, 2026, it declined by 0.2% to print an intraday low of 1.1723 Source link
U.S. President Donald Trump speaks during a Small Business Summit in the East Room at the White House in Washington, D.C., U.S., May 4, 2026.Kylie Cooper | ReutersPresident Donald Trump has said he will give the European Union until July 4 to ratify its trade agreement with the U.S., threatening to raise tariffs to “much higher” levels if the 27-nation bloc fails to do so. In a post on Truth Social late Thursday, Trump issued a new trade deadline during a “great call” with European Commission President Ursula von der Leyen, one in which he said both leaders agreed Iran can…
British Prime Minister Keir Starmer gives an update on the situation in the Middle East at Downing Street Briefing Room, in London, Britain, March 05, 2026. Jaimi Joy | Via ReutersEarly results from local council elections pointed to big losses for the U.K.’s ruling Labour Party on Friday, raising questions about Keir Starmer’s future as prime minister.Vote counts pointed to hundreds of Labour councilors losing their seats and the leadership of many local councils changing hands.The predicted result will not affect the composition of parliament in Westminster or change who is in government, but reflects souring sentiment on Starmer’s leadership…
Bank of America flags German, UK fiscal concerns amid energy price correction Source link
“What we’re seeing in CLPS 1.0 is this potential for multi-mission block buys,” Seyffert said. “So we’re looking forward to seeing that in CLPS 2.0.” Blue Origin is a player in both the CLPS and Human Landing System programs, with a pathfinder cargo lander named Endurance set to fly to the Moon later this year. It will help pave the way for a crew lander for NASA’s use on future Artemis missions. “The development (of the cargo lander) is done,” Seyffert said. “We have great test data. We’re going to fly that later this year, and then we’re going to build…
Jakub Porzycki | Nurphoto | Getty ImagesU.S. tech stocks are back in vogue after another stellar earnings season, but Morningstar analysis suggests the sector offers the best value to investors in years. Market chatter in 2024 and 2025 frequently referenced fears of a “bubble” emerging in the top end of the U.S. equity market, as the “magnificent seven” reached increasingly lofty valuations largely thanks to hype surrounding artificial intelligence.That peaked in October 2025, when the forward P/E ratio for the S&P 500 Information Technology sector reached over 30x, according to FactSet. But a succession of strong earnings seasons since then…
US suspects Nvidia chips smuggled to Alibaba via Thailand, Bloomberg News reports Source link
Nintendo Co. Switch 2 game consoles at a Bic Camera Inc. electronics store in Tokyo, Japan, on Thursday, June 5, 2025. Nintendo Co. fans from Tokyo to Manhattan stood in line for hours to be among the first to get a Switch 2, fueling one of the biggest global gadget debuts since the iPhone launches of yesteryear. Kiyoshi Ota | Bloomberg | Getty ImagesNintendo will hike the retail price of the Switch 2 after forecasting a decline in sales for its flagship console as the memory chip crunch hits the Japanese gaming giant. The company said on Friday it expects…
So far, we have a chunk of the results around the parts of England that have had contests and no results yet from Scotland or Wales. Source link
Traders are embracing the “NACHO” trade, a new Wall Street acronym for “Not A Chance Hormuz Opens.” as investors grow skeptical the Strait of Hormuz crisis will end soon.Maica | Istock | Getty ImagesMove over TACO trade. Traders now have a new acronym for a market increasingly skeptical that the Strait of Hormuz crisis will end anytime soon: NACHO.The shorthand “Not A Chance Hormuz Opens” has emerged on trading desks and among market commentators to describe growing skepticism that repeated remarks by U.S. President Donald Trump about reopening the key shipping route will lead to a swift resolution.”It’s essentially the…